Central Depository Services (India) Limited (CDSL) has disclosed an update regarding arbitration proceedings initiated against the company. This new arbitration may involve similar legal questions and facts as previous proceedings against CDSL, details of which have been previously intimated on various dates starting from January 23, 2024, up to August 25, 2025. Specifically, an arbitration proceeding initially rejected by an award dated April 29, 2024, initiated by Mr. Nimish Shah and others against CDSL, has seen a significant development. Mr. Nimish Shah and others had filed a commercial arbitration petition before the Hon’ble Bombay High Court challenging the rejection of their arbitration claim. In a significant turn of events, this petition was allowed via an order dated December 23, 2025. Consequently, the Hon’ble Bombay High Court has set aside the award dated April 29, 2024. CDSL is making this disclosure in compliance with Regulation 30 of SEBI Listing Regulations and a relevant Industry Standards Forum note, as the cumulative amount involved in matters with similar questions of law and factual matrix has crossed the materiality threshold. The company had previously made intimations regarding arbitrations stemming from the alleged misutilization of clients’ securities by Anugrah Stock & Broking Private Limited.